WM Mining Company, LLC v. Mongolia (ICSID Case No. ARB/21/8)

Procedural record

1. 29 August 2024Arbitration

   29 August 2024Arbitration

   Award dated 29 August 2024

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Tribunal unanimously found that the Claimant's abuse of rights and abuse of process made its claims inadmissible. It ordered the Claimant to bear its own costs and to pay Mongolia USD 5,972,355.15, and dismissed all other requests for relief.

   Participants

   WM Mining Company, LLC

   Mongolia

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Eduardo Zuleta Jaramillo

   Arbitrator

   Stephen L. Drymer

   Arbitrator

   Albert Jan van den Berg

   Authorities cited

   10

   • Mongolian Law on Prohibition of Mineral Exploration and Mining Operations at Headwaters of Rivers, Protected Zones of Water Reservoirs and Forested Areas
     statute
   • Wena Hotels v. Egypt (ICSID Case No. ARB/98/4)
     case-law
   • Kardassopoulos v. Georgia (ICSID Case Nos. ARB/05/18 and ARB/07/15)
     case-law
   • Orascom v. Algeria (ICSID Case No. ARB/12/35)
     case-law
   • Renee Rose Levy de Levi and Gremcitel S.A. v. Republic of Peru (ICSID Case No. ARB/11/17)
     case-law
   • Abaclat and others v. Argentine Republic (ICSID Case No. ARB/07/5)
     case-law
   • Lao Holdings N.V. v. Lao People's Democratic Republic (ICSID Case No. ARB(AF)/12/6)
     case-law
   • Burlington Resources, Inc. v. Republic of Ecuador (ICSID Case No. ARB/08/5)
     case-law
   • Ampal-American v. Egypt (ICSID Case No. ARB/12/11)
     case-law
   • Webuild S.p.A. v. Argentine Republic (ICSID Case No. ARB/15/39)
     case-law